Cboe BYX Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission on December 20, 2024, establishing new fees related to the Consolidated Audit Trail for 2025. The Exchange aims to set the CAT Fee 2025-1 at $0.000022 per executed equivalent share. The SEC is inviting public comments on this proposed rule change, with submissions due by January 27, 2025. Interested parties can submit their opinions through the SECās website or by email, using the specified file number for reference.
Simple Explanation
Cboe BYX Exchange wants to charge a small fee for tracking stock trades to help cover costs. The fee is tiny, like a tiny part of a penny for each traded share, but some people worry it might not be fair for smaller companies because it adds up the more trades you make.